Published: 2025-10-02T07:08:35.000Z
Chart USD/CAD Update: Stays supported above the 1.3900 level
3
Little change, as prices extend consolidation below the 1.3958 high and channel resistance from the June low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.4150/65 | * | Feb low, 50% | S1 | 1.3900 | congestion | ||
| R3 | 1.4100 | * | congestion | S2 | 1.3800 | * | Jun high, congestion | |
| R2 | 1.4000/20 | ** | congestion, 38.2% | S3 | 1.3720 | ** | Aug low | |
| R1 | 1.3958 | * | 26 Sep high | S4 | 1.3700 | * | congestion |
Asterisk denotes strength of level
07:10 GMT - Little change, as prices extend consolidation below the 1.3958 high and channel resistance from the June low. Shallow pullback keeps pressure on the upside and suggest scope for break to further retrace the February/June losses. Higher will see room to the 1.4000 level and 1.4020, 38.2% Fibonacci level. Gains beyond this, if seen, will turn focus to the 1.4100 congestion. Meanwhile, support is at the 1.3900 level. Below this will delay bulls and see room for deeper corrective pullback to the 1.3800 level.